Lubrano, Michel; Shadman-Mehta, Fatemeh; Sneessens, Henri R. - Institut de Recherche Économique et Sociale (IRES), … - 1993
This paper examines the determinants of equilibrium wage and unemployment rates in Belgium within the framework of a quantity rationing, right-to-manage model with decentralised wage setting. Empirical results are obtained by first using the Johansen maximum-likelihood procedure for the analysis...